An investment adviser settled charges with the SEC for failing to timely disclose the adviser's "control" purpose, with respect to an issuer whose shares it had acquired for the account of a hedge fund that it managed.
News & Insights
In comments responding to the CFTC's proposed amendments on capital and financial reporting requirements for swap dealers and major swap participants, the IIB, ISDA and SIFMA supported the codification of certain CFTC staff interpretive letters.
The CFTC solicited public comments on a proposed comparability determination and related Order for certain CFTC-registered swap dealers domiciled in the United Kingdom and subject to prudential supervision by the UK Prudential Regulation Authority.
The CFTC proposed amendments to rules that impose minimum capital requirements and financial reporting obligations on swap dealers and major swap participants.
The SEC postponed the effective date of the "Share Repurchase Disclosure Modernization Rule," which requires issuers to provide additional information on the purpose of their repurchase programs. The SEC announced a stay of the "Repurchase Rule" in order to address Administrative Procedure Act deficiencies found by the Fifth Circuit Court of Appeals.